ABSTRACT In recent years, with the regulation of
national policy, Chinese real estate market has been rapidly cooling, and real
estate enterprises also have difficulties in financing. Perpetual bonds as a
historic mezzanine financial instrument abroad was formally introduced into
China in 2013 and its own characteristics can satisfy the current needs of the
real estate enterprises. This paper analyzes the plight of the real estate
market and real estate financing under the current environment, discusses the
issue of perpetual debt financing, and analyzes the advantages and risks of
issuing perpetual bonds in multiple aspects.
Cite this paper
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